2017 Silver Krugerrand your thoughts on investing in these

Discussion in 'Bullion Investing' started by mpcusa, May 12, 2017.

  1. Thanks all! I appreciate your replies. I am slowly moving up the learning curve.

    Until the late 1990s, I have a purchased raw coins from local coin shops. Then, when I began online purchases, I focused on slabbed coins. It seemed like a big deal back then to collect proof 70s. I remember there were online businesses that focused almost exclusively on selling modern proof 70s. Being new to buying slabbed coins back then, I thought buying the highest grade was the way to go. With proof 70s selling at extraordinarily high prices, I think what happened was that many proof coins were being submitted to TPGs in hopes of getting one returned as a proof 70. Eventually, the population of these coins increased and their values decreased. I am sure that the more experienced collects here are already aware of this. I still have many of these coins that are now worthless. Back then, I bought a PCGS PR70DCAM 1983 S Kennedy half dollar for $450. I just checked the PCGS price guide and it is valued at $70. Unfortunately, I learned the hard way.

    TheMont hit the nail on the head. Last winter I bought a beautiful PCGS AU 58 CAC 1932-S Washington quarter for $300 that I wouldn't trade for one graded MS 65 that's selling for more than ten times that amount. I think that I enjoyed buying raw circulated Indian Head pennies as a kid more than breaking the bank trying to buy top graded slabbed coins. As a kid, I focused more on the coin. Later on, I seemed more focused on the plastic slab.

    In conclusion, I realize that I have placed too much emphasis on a single (grading) number when there are so many other factors to consider. For mint state coins, what do these numbers actually represent? It doesn't seem to take into account ugly toning with black spots. It doesn't seem to take into account how well a coin is struck. So, if I decide to buy a proof silver Kruggerand, I will take your advice and focus on the coin and not on the slab.
     
    V. Kurt Bellman likes this.
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  3. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    In that case, doing so is pretty straightforward. Unless you pick one that got abraded when its capsule popped open, they're universally all pretty darned flawless.
     
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    You will find that many times highly graded coins like PF 70.s especially in new
    Releases will demand huge premiums that almost never can be recovered, so only
    If it,s something you really really like and you know in advance that you wont
    Get that back is that a good idea, personally not much in to grading a bullion
    Coins as there isnt much point in doing it, raw B/U is always good enough :)
     
  5. fretboard

    fretboard Defender of Old Coinage

    Not in my book! Although it's a great looking coin, it's still only an ounce of silver! In a year or two, the novelty with wear thin and the price will drop. Personally, I'd stick with ASE's, better fluidity.
     
    Johndoe2000$ likes this.
  6. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    As previously stated, these do not seem to be a good investment. Collecting them is a completely different subject. They are the first of their kind, and nice looking. I will no doubt get one at some point. The proofs, I will have to take a pass on due to the high prices.
     
  7. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    I agree with this. The non-proof BU is completely stunning in its own right. If it were a U.S. Mint product, it almost certainly would be marketed as a "reverse proof". The devices are mirrored and the fields are matte.
     
  8. ddddd

    ddddd Member

  9. ddddd

    ddddd Member

    I believe this special finish is the reason they call them "Premium Uncirculated" (unfortunately the abbreviation of "PU" isn't too flattering).

    Other world mints, like the Perth Mint, also use a similar "reverse proof" finish for their bullion coins.
     
  10. FBLfinder

    FBLfinder Active Member

    Everyone who owns one will always hope one day people recall the silver anniversary of the krugs and drive the demand but it will never be more than pretty coin with a heavy premium
     
  11. FBLfinder

    FBLfinder Active Member

    But they certainly are beautiful 2017-09-19 23.20.28.jpg
     
    baseball21 likes this.
  12. Santinidollar

    Santinidollar Supporter! Supporter

  13. baseball21

    baseball21 Well-Known Member

    They certainly are a pretty coin, shame the mintage was so high on the silver
     
    ddddd likes this.
  14. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Nice snag! When I followed your link, I caught a view of the Australian "Dragon and Phoenix" design. Very nice too.
     
  15. baseball21

    baseball21 Well-Known Member

    Perth has some gorgeous coins they do.
     
    ddddd likes this.
  16. ddddd

    ddddd Member

    That is indeed a Perth Mint issue.

    That coin was, in my opinion, handled much better than the Krugerrand. The mintage was only 50,000. And upon release, many dealers had it for $27-$30, which is well above spot but not 3x like the $60 issue price for the Krugerrand. The aftermarket also noticed this discrepancy as the Krugerrand is now down to $37.50 while the Dragon & Phoenix is up around $35-$40.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Nice pick up, those prices keep dropping, cant wait until they drop in the low $20,s
    So i can start stacking them :) the people that are really out of luck are the people
    That bought the first day or first strike coins TPG, those prices are really taking a hit
    Went to the pawn shop (Las Vegas Gold and Silver) and they had a first strike 70
    For $75 and i have heard of people spending upwards of $250 for this coin, so with
    That said would like Soap and shampoo for your bath ?
     
  18. baseball21

    baseball21 Well-Known Member

    Pawn shops aren't the correct way to judge that market
     
  19. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Hmm, Rick Harrison from that pawn shop was signing autographs at MCW's booth at Denver ANA, the same place where they were doing most of the selling of the silver Krug. Coincidence? Meh.
     
  20. Nathan401

    Nathan401 Supporter! Supporter

    $39.99 on ebay. Still too high for me.
     
  21. Santinidollar

    Santinidollar Supporter! Supporter

    Celebrity surcharge.
     
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